The Essentials of Budgeting & Cost Control

The Essentials of Budgeting & Cost Control Training

Why Choose this Course?

Budgeting and Cost Control is simply a must for contemporary organisations. This interesting course help you master the most widely used internal tools for planning and monitoring activities and sustaining performance over time – Budgeting & Cost Control.

The Budgets are inextricably linked with both strategy formulation and execution. But accurate Budgets depend on Cost Control and analysis. It is essential to understand how costs behave so that realistic plans can be produced, and appropriate financial and non-financial resources can be made available to the business. Management Control builds on the budgets to understand variances and take corrective actions. This course will allow you to master the traditional tools of budgeting and control as well as new dynamic approaches, which reflect and respond to the current complex business environment.

This course will feature:

The links among Strategic planning, Budgeting and Cost Control

The key features of Budgeting

A deep understanding of Cost terms and concepts

Traditional and innovative approaches to Budgeting and Cost Control

An understanding of the impact of non-financial KPIs on Strategic planning, Budgeting &Cost Control

What are the Goals?

Build an integrated planning, budgeting and reporting process

Understand the role of budgets within organisations

Understand costs behavior and manage costs more effectively

Master traditional and innovative approaches to Budgeting and Cost Control

Select the performance measurement systems and the KPIs that work

Who is this Course for?

This course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a team, a department or a division. Moreover, the course is suitable to first appointment professionals on fast-track development programs, and to professionals from every business discipline and department who have to run budgetary plans, and who are responsible for cost and strategic analysis.

Financial Planning & Control Staff

Those with direct or indirect financial responsibilities

Those from every business discipline and department who have to run departments and budgetary plans, and who are responsible for cost and strategic analysis

Those from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering or sales